Member Info for pawnsacrifice

No it was this workload I wondered about and largely because i'm usd to being ripped off on aim so forgive if i'm looking for issues.

Haywood added that Block is working on an operational market update that will cover its planned oil and gas development. This will include the scheduled spud date for the sidetracking of West Rustavi’s well 38, a neighbour and analogue to well 16aZ. It will also cover plans for the appraisal of the field’s existing gas discoveries, the acquisition of a 3D seismic survey and, a revision of the CPR consequent to the performance of 16aZ.

Did notice in the RNS all their revenues down the line a little yet and they have top side infrastructure issues to address due to the exceptional flow.
Maybe the weakness is down to a placing in the offing to pay for the upgrades?
Only throwing it out there but would explain the no rise to whats obviously very good news on a hot stock.

Yes the switch to renewable energy is vast and difficult, and there have been, and there will be, setbacks

What absolute garbage. There will be setbacks lol.
Got a green commie on the board then. Lets hope he doesn't get into power his sort always kills so many people (for the greater good of course)

Now thats how you write an RNS and deliver shareholder value to boot.
Chuffed to bits.

Doing ok in the U.S, ADR's up over 8% on the Nasdaq. get the feeling this ones a slowburner but recovering all the same.

Well this is AIM so.. its impossible.
Agree with Ragel they could do with RNSing the payment plan has been received, accepted and payments made in a timely manner.
Should imagine the lift in confidence and marketcap would more than make up for the cost of an RNS .

Yes I read that RNS too Woody but did you notice in this section...
"Following the Company's announcement of 18 February 2019, SNPC has agreed to pay monthly instalments, commencing this month,"

They state SNPPC will commence payments this month and thats after they send them a payment plan.
My take is AAOG had the one payment and the paragraph you've quoted relates to the payments down the line that SNPC have agreed to make not anything extra they've already stumped up. ie no 600k payment has arrived yet.
Doesn't mean its a big issue yet but after SOCO's experiences with them worth watching imo.

As they said early April guess its late already.
Licence issues are more important to me at the o.
They stated in the last RNS that before SNPC made any payments they were going to send them a payment schedule.
Did that arrive? If not presume the $600k hasn't either.
Still haven't forgotten that SOCO had to give up on their license at Marine X1V after their 5kBPD discovery because they couldn't agree licence terms with their partner SNPC .
AAOG still need to prove (to me) they won't suffer the same fate.

Understand from the RNS they don't have to buy shares with the 250k payment. Its the 500k payment yet to come has to be used to buy more shares using VWAP
Bet the partners wished they'd converted before all the good news. Any more success and they'll be buying at 40p the way this one moves.

Yes I'm looking forward to the uodate on the rest of the development plan.
All they'd say before this result at 16a was well 38 would proceed if they managed the 325BPD now its becoming a much fuller development hinted at.
Would be good to have 3 or 4 future wells planned and put into play on the back of 16a to give them a fair chance of this 2500BPD they can reportedly cope with if only for the reaction this would have on the sp . lol.

Yesterday was ISA so happy and today ISA so sad.

That was a proactive interview from the 12th march. 12 months payback on well 16a at 325BPD. Not any more.

Updates are funny here. Normally 7 am but they do like to give the odd 2pm one out too.
Good luck to the traders hope you get prices you're happy with. Content to hold and wait myself. Has worked so far.

GOG get cash from BLOE not shares. They then have to use that cash to buy shares at the VWAP.
BLOE has rocketed so they've been royally stuffed from my reading of Febs RNS? Thats why I think it would be in their interest to sell and hold the sp down before having to buy their next tranche but only suspicion not knowledge of whats happening.

Most likely to do with the fact that when BLOE bought their interest they agreed to pay them in cash that GOG have to use to buy shares at VWAP.
BLOE's sp has rocketed so they're getting less shares for their interest so maybe selling what they have to bring the price down (they hope) will mean they get more in the long run.
All there in the 26th Feb RNS just needs working out I guess.

Wonder if the market will start to price in the gas prospects now they're having success with the oil?
Nothing in for anything at this level though imo.

Quite chuffed. Been well worth the patience and has beaten the pants on the Weald plays with none of the drama either.

No I wouldn't not at all especially if my investors had already shown such patience during all the delays since we were first told turning on 101 and 102 was more or less a formality for early cashflow...
Several years later we may well have turned a huge corner and be on the cusp of riches but all the same lets stay professional til it flows please David.

Wasn't impressed with the presentation either. Actually came across as if he's been told by the bankers to lower the tone and deter investment.
MM's are likely very short or want to be very long and can't be as pi's have the shares
Licence must be due very soon imho and the shares ready to fly on the back of it..

News next month should be that Schlum has got the equipment in country first shouldn't it? Then it has to travel to the drill site and be set up so don't think it right to demand production april anyway.